FNR Discussion Release - Failed MGMT?Leadership I could not help but notice FNR/Tom discussion release, you can find it on Sedar not sure it was widely distributed.
Finally Tom admits its a rough MKT for commodities, my summary of his comments, but he looks at the short term. Longer term he says life is wonderful again for commodities. In December, at the various Saskatoon holiday parties and in January he was saying 2013 was going to be a fantastic year for Commodities. Wrong as usual/more of Tom's TraderTalk/Promoter Talk.
Once again Tom/FNR MGMT, in their comments is wrong and not realistic. Commodities are in a very tough and grinding MKT and will be for the rest of the decade. Many so called projects will not be developed, ther eis no money and demand is dropping fast. We now see Large Seniors either trying to sell projects or shut down their producing mines, example RIO large Uranium Mine - Rossing in Africa, Areva the same. There are going to be many resource companies going under or merging and many Juniors going back to being SHELLS, at best.
All the above in my humble opinion and based on hard and real facts, just read the news on the issues in the resource sector which is effected by the Global Economic Slow Down and Troubles, very bad Financial seas head for the MKTS.